Canada Mining News

Potash prices to fall even further — Mosaic

It expects to sell the key crop nutrient for $200-230 a tonne in the current quarter, compared to an average price of $254 a tonne in the previous three-month period.

Glencore to sell gold and silver to Franco-Nevada in $500 million deal

Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”

TransCanada posts $2.5bn loss in Q4 on Keystone XL charge

The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.

Teck Resources logs $536M loss in Q4 on depressed commodities, asset charge

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.

Centerra Gold 2015 year-end reserve and resource update

The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.

Tahoe may go after Goldcorp’s assets in Ontario — report

Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".

World’s second-largest diamond ever found named ‘Our Light’

Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.

A crude correlation with Canada’s currency

Canada is the world’s fifth largest oil and gas producer and its energy export revenues are a significant part of the economy.

Imperial Metals to shut its Huckleberry copper mine in BC

Company has already told employees that the mine will shut down in August.

Canadian companies sell "jewels" to keep oil sands afloat

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.

Canadian Oil Sands overhauls leadership and board ahead of Suncor takeover

The company has named Sandy Martin as its new chief executive officer.

‘Zombie’ stocks haunt Canada’s oil patch, but buyers not interested

Buyers are not biting in worst market in generation.

Bankrupt Alpha Natural Resources lays off over 230 coal miners

This is the third time in a month the U.S. coal miner downsizes its workforce.

Tahoe Resources adds Canadian gold mines to portfolio by buying Lake Shore

Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).

Mongolia’s Gatsuurt project faces uncertainty

The nation has struggled to manage its resources leading to disagreements and protests of mining operations.

European consortium launches Blue Nodules project

On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the  challenge of  creating a  viable  and  sustainable value  chain to  retrieve polymetallic nodules from the ocean floor. […]

Milbank chooses Oyu Tolgoi as the mining deal of the year

During the PFI Awards Dinner held in London on Feb. 3.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

The Ivory Coast calls upon Laurentian University to develop its mining sector

SUDBURY, ON (February 4, 2016) – Laurentian University has signed an agreement to leverage its expertise in an effort to help evaluate mining training needs in Ivory Coast, implement relevant and viable training programs, and […]

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

Suncor cuts spending by 10% after posting $2bn loss on writedowns

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.

PDAC recommends measures to support Canadian mineral exploration in pre-budget submission

The Prospectors & Developers Association of Canada is asking the government to increase the Mineral Exploration Tax Credit (METC) to 30% for a period of three years.

Chile’s court confirms 2nd highest fine in history for Caserones mine

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.

TransCanada Energy East pipeline project to create 120 jobs in Quebec

The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.